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SMA Solar Technology AG (S92G.DE)

S92G.DE on Xetra

17.48EUR
11:35am EST
Change (% chg)

€0.31 (+1.81%)
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€17.17
Open
€17.04
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€17.61
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€16.75
Volume
33,642
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129,394
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€63.15
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€14.53

Latest Key Developments (Source: Significant Developments)

SMA Solar Sees Restructuring Costs Of Up To 47 Mln Eur - CFO
Wednesday, 12 Dec 2018 06:15am EST 

Dec 12 (Reuters) - SMA Solar Technology AG CFO::RESTRUCTURING WILL COST COMPANY BETWEEN 45 MILLION AND 47 MILLION EUR, WILL BE BOOKED IN 2018.PROJECT PIPELINE PARTICULARLY IN STORAGE BUSINESS MAKES US OPTIMISTIC TO INCREASE SALES BY 120 MILLION EUR IN 2019.EXPECTS TO POST POSITIVE EBITDA IN 2019, POSITIVE EBIT IN 2020.SEES PRICES DECREASING BY 15 TO 20 PERCENT IN 2019, CHINESE PRODUCERS PUSHING ONTO WORLD MARKET.  Full Article

SMA Solar Announces China Exit, Cuts 425 Positions
Wednesday, 12 Dec 2018 03:12am EST 

Dec 12 (Reuters) - SMA Solar Technology AG ::DGAP-NEWS: SMA MANAGING BOARD PRESENTS RESTRUCTURING PLANS - GLOBAL WORKFORCE TO BE REDUCED BY AROUND 425 FULL-TIME POSITIONS.ONE OF MAIN PLANNED MEASURES IS DISCONTINUATION OF CHINA AS A LOCATION AND SALE OF CHINESE COMPANIES TO MANAGEMENT THERE.CONFIRMING ITS SALES AND EARNINGS GUIDANCE FOR CURRENT FISCAL YEAR.RESTRUCTURING WILL INVOLVE A REDUCTION OF GLOBAL WORKFORCE BY AROUND 425 FULL-TIME POSITIONS.RESTRUCTURING MEASURES ARE NEEDED IN ORDER TO RETURN SMA TO PROFITABILITY QUICKLY IN AN ENVIRONMENT CHARACTERIZED BY A SHARP DECLINE IN PRICES.ANTICIPATES SALES OF EUR760 MILLION TO EUR780 MILLION AND NEGATIVE EBITDA IN MID TO HIGH TENS OF MILLIONS OF EUROS THIS YEAR.SMA WILL POSITION ITSELF FOR FUTURE AS A SYSTEMS AND SOLUTIONS PROVIDER.FOR 2019, SMA MANAGING BOARD IS AIMING FOR SALES GROWTH AND POSITIVE EBITDA.UNFORTUNATELY, REDUCTION OF GLOBAL WORKFORCE BY AROUND 425 FULL-TIME POSITIONS IS UNAVOIDABLE IN THIS CONTEXT.PLANNED RESTRUCTURING MEASURES ARE TO BE IMPLEMENTED STARTING FROM JANUARY 2019.SALE OF BUSINESS UNITS IN CHINA TO MANAGEMENT THERE WILL CREATE GOOD CONDITIONS FOR POSITIVE FURTHER DEVELOPMENT OF BUSINESS ON BOTH SIDES.WILL INCREASINGLY PRESS AHEAD WITH PROCESS BEGUN TO DEVELOP COMPANY INTO A SYSTEMS AND SOLUTIONS PROVIDER AND WILL CONTINUE TO INVEST IN FUTURE-ORIENTED AREAS OF ENERGY MANAGEMENT, STORAGE INTEGRATION, REPOWERING, AND DIGITAL BUSINESS MODELS.  Full Article

SMA Solar Technology Cuts Revenue And Earnings Forecast For 2018
Friday, 30 Nov 2018 06:39am EST 

Nov 30 (Reuters) - SMA Solar Technology AG ::DGAP-ADHOC: SMA SOLAR TECHNOLOGY AG: MANAGEMENT BOARD OF SMA SOLAR TECHNOLOGY AG LOWERS REVENUE AND EARNINGS FORECAST FOR 2018 - OUTLOOK FOR 2019 UNCHANGED.CONTRARY TO EXPECTATIONS, DECLINE IN BUSINESS RECORDED SINCE SEPTEMBER OF THIS YEAR CONTINUED IN NOVEMBER.EXPECTS 2018 REVENUES OF ONLY EUR 760 MILLION TO EUR 780 MILLION FOR 2018 (PREVIOUSLY EUR 800 MILLION TO EUR 850 MILLION).EXPECTS 2018 NEGATIVE EBITDA IN MID TO UPPER DOUBLE-DIGIT MILLION EURO RANGE (PREVIOUSLY: BALANCED TO SLIGHTLY NEGATIVE EBITDA).FOR 2019, MANAGEMENT BOARD CONTINUES TO EXPECT SALES TO GROW AND EBITDA TO BE POSITIVE..  Full Article

SMA Solar Supplies System Technology For One Of Australia's Largest Photovoltaic Power Plants
Tuesday, 13 Nov 2018 04:23am EST 

Nov 13 (Reuters) - SMA SOLAR TECHNOLOGY AG ::SUPPLIES SYSTEM TECHNOLOGY FOR ONE OF AUSTRALIA'S LARGEST PHOTOVOLTAIC POWER PLANTS.FULL COMMISSIONING IS PLANNED FOR 2020..  Full Article

SMA Solar Technology Lowers Guidance For Current Fiscal Year
Thursday, 27 Sep 2018 09:01am EDT 

Sept 27 (Reuters) - SMA Solar Technology AG ::DGAP-ADHOC: MANAGING BOARD OF SMA SOLAR TECHNOLOGY AG LOWERS GUIDANCE FOR THE CURRENT FISCAL YEAR.EXPECTS SALES OF BETWEEN EUR800 MILLION AND EUR850 MILLION FOR 2018 (PREVIOUSLY: EUR900 MILLION TO EUR1,000 MILLION).BACKGROUND FOR THIS IS A FURTHER SHARP FALL IN PRICES AND PROJECT POSTPONEMENTS AS A RESULT OF MARKET DOWNTURN IN CHINA.ANTICIPATING SALES GROWTH AND POSITIVE EBITDA FOR 2019.IS ANNOUNCING STRUCTURAL ADJUSTMENTS TO SMA.CORRESPONDING MEASURES ARE TO BE ESTABLISHED BY END OF YEAR.EXPECTING BREAK-EVEN TO SLIGHTLY NEGATIVE EBITDA (AFTER ONE-OFF EFFECTS FROM RESTRUCTURING) FOR 2018.MEASURES WILL INCUR ONE-OFF COSTS THAT WILL NEGATIVELY AFFECT SMA'S EARNINGS.  Full Article

SMA Solar Technology Enters Into Purchase Agreement To Be Supplier For Sunrun
Tuesday, 23 Jan 2018 08:04am EST 

Jan 23 (Reuters) - SMA SOLAR ::ENTERS INTO PURCHASE AGREEMENT TO BE SUPPLIER FOR SUNRUN.ENTERED INTO A PURCHASE AGREEMENT WITH SUNRUN, ONE OF TOP RESIDENTIAL SOLAR INSTALLERS.  Full Article

SMA Solar 2018 sales likely to be impacted by supply issues-CEO
Thursday, 9 Nov 2017 03:58am EST 

Nov 9 (Reuters) - Sma Solar :Ceo says 2018 sales will likely be impacted by supply issues, currently looking to contract additional suppliers of key components.Ceo says supply problem is about insufficient availability of components.Ceo says business we have secured in utility segment in united states is quite promising.Cfo says could reach high end of our 2017 ebitda outlook.  Full Article

SMA Solar CEO steps down, to be replaced by deputy

FRANKFURT, Oct 15 SMA Solar, Germany's largest solar group, on Monday named Juergen Reinert, deputy chief executive and board member for operations and technology, as its new CEO, replacing Pierre-Pascal Urbon, who is leaving after seven years at the helm.